For investors seeking momentum, SPDR S&P Semiconductor ETF (XSD - Free Report) is probably on radar now. The fund just hit a 52-week high and is up roughly 47.4% from its 52-week low price of $36.53/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
XSD in Focus
XSD focuses on the semiconductor industry, holding a basket of 41 stocks. The fund has a tilt toward smaller-cap stocks. The fund charges investors 35 basis points a year in fees and has top holdings in NVIDIA Corp, Microsemi and Integrated Device Technology (see: all the Technology ETFs here).
Why the Move?
The technology sector bounced back lately after skidding on Trump win as uncertainties regarding trade, immigration and outsourcing loomed large. Out of the broader tech sector, semiconductors appear especially well placed thanks to the rise of a new growth area – Internet of Things (IoT),
More Gains Ahead?
Currently, XSD has a Zacks ETF Rank of 1 (Strong Buy) rating, suggesting continued outperformance in the months ahead. It has a positive weighted alpha of 28.20. Since a positive weighted alpha hints at more gains, there is definitely still some promise for investors who want to ride this surging ETF a little further.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors seeking momentum, SPDR S&P Semiconductor ETF (XSD - Free Report) is probably on radar now. The fund just hit a 52-week high and is up roughly 47.4% from its 52-week low price of $36.53/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
XSD in Focus
XSD focuses on the semiconductor industry, holding a basket of 41 stocks. The fund has a tilt toward smaller-cap stocks. The fund charges investors 35 basis points a year in fees and has top holdings in NVIDIA Corp, Microsemi and Integrated Device Technology (see: all the Technology ETFs here).
Why the Move?
The technology sector bounced back lately after skidding on Trump win as uncertainties regarding trade, immigration and outsourcing loomed large. Out of the broader tech sector, semiconductors appear especially well placed thanks to the rise of a new growth area – Internet of Things (IoT),
More Gains Ahead?
Currently, XSD has a Zacks ETF Rank of 1 (Strong Buy) rating, suggesting continued outperformance in the months ahead. It has a positive weighted alpha of 28.20. Since a positive weighted alpha hints at more gains, there is definitely still some promise for investors who want to ride this surging ETF a little further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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